Discover The Most Common Construction Defects You Need To Be Aware Of

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If you’re looking to buy a property then you’ll want to know that it’s worth the money you’re spending. Your mortgage company will verify the value of the property but they are unlikely to check for structural issues.  If you don’t then you may find yourself in a house that is unsafe to live in but you can’t afford the repairs, all while paying the mortgage. That’s why you need to employ a reputable construction consultant and be aware of the most common construction defects. It will ensure you are…

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How to Budget As A Property Investor

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Getting started in the world of property investment is an exciting prospect. However, to maximize the return on your investment, you need to ensure that you set out a realistic budget from the start. Understanding all of your costs will ensure that your investment is profitable and that you gain the experience to build your portfolio over time.  Creating a budget as a property investor can be daunting. From rental management fees to legal fees, completing renovations to the property, accountant fees and all of the other costs involved in…

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You Do Not Need Life or Income Protection Insurance to Get a Mortgage

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There are many rumors that surround getting different types of insurance. One of the most prevalent ones is that you need life insurance or income protection cover to get a mortgage. Research shows that 30% of borrowers are told that life insurance is a legal requirement for applying for a mortgage while a further 50% of people who apply for a mortgage are told that they also need life insurance. Life Insurance and Income Protection Are Both Sensible Options Life insurance pays out a lump sum to your beneficiaries once…

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Do I Need Mortgage Protection Insurance?

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If you have taken out a mortgage recently, you will probably have been pitched mortgage protection insurance. There are a number of different forms that this can take, but generally it will cover your home loan payments in the event that you become disabled or unemployed. Should you die, some mortgage protection plans will pay off your mortgage posthumously. But is mortgage protection insurance something that you need? Or is it just going to be another fee to pay to your bank? The answer to that question is not straightforward,…

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Finding the Most Suitable House to Buy for Your Family

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Buying a house for your family is indeed a dream come true. Reaching this stage in your life will surely make you feel happy and proud. To know that all your hard work has paid off and that you are able to provide for your family is just surreal. Thus, you need to ensure that everything is carefully planned. In this article, we will share some guidelines to ensure that everything will go smoothly in buying your very first home. Know your budget and limitations  It is very important to…

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Sketchy force-placed insurance cause HSBC to have to pay homeowners back

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Property owners in Massachusetts who were sold this coverage through dubious practices will receive $2.7 million. HSBC, a national mortgage lender and servicer, has now agreed to pay a total of $4 million as a result of its force-placed insurance practices, according to Massachusetts Attorney General Maura Healey. This payment was the outcome of a settlement in a case in which HSBC was accused of inappropriate practices. These practices related directly to its sale and management of force-placed insurance. It involved allegations that HSBC had been receiving various forms of…

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New mortgage insurance unit spin-off is added to AIG’s current goals

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American International Group has made the decision to look into a spin-off of that branch of its business. American International Group (AIG) is now in the midst of the pursuit of a spin-off of its existing mortgage insurance business, according to several reports based on sources who are familiar with the matter. This new strategy from the insurance company could come at precisely the time that goes up against Carl Icahn. Despite the attempts that the company is seeking to make to spin-off its mortgage insurance business – which made…

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